The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings

Reuters

05 Jun

The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings

The Travelers Companies Inc. $(TRV)$ has announced an agreement to sell its personal insurance business and a significant portion of its commercial insurance operations in Canada, including The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada $(TICC)$, to Definity Financial Corporation. The transaction is expected to be finalized in the first quarter of 2026, pending regulatory approvals and customary closing conditions. This announcement has led to AM Best downgrading the credit ratings of Dominion and TICC and placing them under review, citing various implications related to the sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Travelers Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250604246153) on June 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        The Travelers Companies Inc. <a href=\"https://laohu8.com/S/TRV\">$(TRV)$</a> has announced an agreement to sell its personal insurance business and a significant portion of its commercial insurance operations in Canada, including The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada <a href=\"https://laohu8.com/S/TICC\">$(TICC)$</a>, to Definity Financial Corporation. 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Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-05 03:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      The Travelers Companies Inc. 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Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings. The Travelers Companies Inc.  has announced an agreement to sell its personal insurance business and a significant portion of its commercial insurance operations in Canada, including The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada , to Definity Financial Corporation. The transaction is expected to be finalized in the first quarter of 2026, pending regulatory approvals and customary closing conditions. This announcement has led to AM Best downgrading the credit ratings of Dominion and TICC and placing them under review, citing various implications related to the sale.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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